Samsung’s second plant to take shape in Vietnam
(VOV) - Samsung Electronics Vietnam will build a plant to produce and assemble mobile phones and hi-tech electronic products as part of a high-tech project in northern Thai Nguyen province.
A land lease was signed on February 6 by Samsung and its Vietnamese partner to carry out the Samsung Hi-tech Consortium project in Yen Binh Industrial Zone.
Provincial leaders appreciated the company’s decision to invest in the region and asked local departments, agencies and authorities to create favourable conditions for the company to implement the project.
This is Samsung Electronics Vietnam’s second plant in Vietnam. Its first plant was built in 2009 in Yen Phong Industrial Zone, northern Bac Ninh province, manufacturing 11 million products per month and employing 24,000 workers.
When its second plant in Thai Nguyen enters operation, Vietnam will become Samsung’s world biggest hand device producer for exports.